Under the deal, Portsmouth will pay Gaydamak £2.2million in
instalments over
the next five years.

Stocks added: 'This is a transaction that works for all creditors as
well as
Sacha so I'm hopeful we will get the paperwork signed. I would like to
reassure
Portsmouth fans that the club is not on the brink.'

Portsmouth administrator Andrew Andronikou said a deal had to be done
this
weekend.

Andronikou said: 'I think common sense will prevail and all parties
will come
to the table this weekend - but it has to be this weekend.

'Yesterday evening's activities were really a wake-up call for
everybody to
say "look, we just can't sit here whilst everybody else finesses their
position.
It is about coming to the table and cutting a deal".'